The bulls have not yet thrown in the towel but there are reasons to believe that their resolve would have weakened.
Sriram says loans against gold have declined and that has affected the overall loan book
Deputy Governorns of RBI, SS Mundhra and R Gandhi said that the the new flexible refinancing rules were not a a re-entry of loan restructuring under a new name.
Ananda Bhoumik, Senior Director, India Ratings as of now does not see margin expansion for the banks and thinks the worst could be a few quarters ahead.
Since their bank's base is small the credit growth in percentage terms appears to be large. So, the credit growth for the bank will remain above industry but will moderate to 16-18 percent in FY14, says CVR Rajendran, ED, Bank of Maharashtra.
According to Sampath Kumar, Banking Analyst, Institutional Equities, it will be difficult for banks to pass on higher costs to borrowers.
Balrampur Chini, Reliance Communication are a miss whereas Apollo Tyres, Central Bank, Essar OIl are a hit for SP Tulsian.
Diwakar Gupta, MD & CFO, State bank of India doesn‘t expect the Banking Amendment bill to have much impact on the bank if it goes through in the Parliament.